VerticalScope (TSE:FORA) Announces Earnings Results

VerticalScope (TSE:FORA) issued its earnings results on Tuesday. The company reported C$0.01 earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of C$18.66 million during the quarter. VerticalScope had a negative net margin of 14.06% and a negative return on equity of 10.41%.

VerticalScope Stock Down 11.8%

FORA traded down C$0.29 during trading on Thursday, hitting C$2.16. The stock had a trading volume of 203 shares, compared to its average volume of 12,592. The company has a debt-to-equity ratio of 46.11, a quick ratio of 0.79 and a current ratio of 1.65. The company has a market capitalization of C$47.17 million, a PE ratio of -6.00 and a beta of 0.83. VerticalScope has a twelve month low of C$2.04 and a twelve month high of C$3.60. The stock has a 50 day simple moving average of C$2.80 and a two-hundred day simple moving average of C$2.80.

Analysts Set New Price Targets

Separately, Raymond James Financial reduced their price objective on VerticalScope from C$5.00 to C$4.00 and set an “outperform” rating on the stock in a report on Friday, August 14th. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of C$4.06.

About VerticalScope

Founded in 1999 and headquartered in Toronto, Ontario, VerticalScope is a technology company that has built and operates a cloud-based digital platform for online enthusiast communities in high consumer spending categories. VerticalScope’s mission is to enable people with common interests to connect, explore their passions, and share knowledge about the things they love. Through targeted acquisitions and development, VerticalScope has built a portfolio of over 1,200 online communities and approximately 100 million monthly active users.